One Advantage to Using a Longitudinal Design Over a Cross-Sectional

question 177

Multiple Choice

One advantage to using a longitudinal design over a cross-sectional design is that longitudinal designs:

• A) are typically cheaper to perform.
• B) are less likely to be affected by attrition.
• C) avoid the problems associated with cohort effects.
• D) require less time to perform.

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Definitions:

Production Budget

A financial plan that estimates the cost of producing a set number of units within a specified time period.

Direct Labor Cost Budget

A budget that estimates direct labor hours and related cost needed to support budgeted production.

Direct Materials Purchases Budget

A financial plan that estimates the raw materials needed for production and the cost of these materials for a future period.

Sales Budget

A financial plan that estimates the expected revenues from sales for a specific period, serving as a component of a company's overall budgeting process.